Two-Unit Duplex with
New
For Sale
$460,000
1227 1229 HOUSTON Street, Green Cove Springs, FL 32043
Each residence pairs a three-bedroom layout with two full baths and a private garage.
Property Size2,052 SF
Days on Market3
Property Features for 1227 1229 HOUSTON Street
General Information
Standard status
Active
Size
2,052 SF
Total Parking Spaces
2
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Gross Income
$39,600
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,794
Building Details
Building Size
2,052 SF
Year Built
2021
Listing Agency:
NORTH FLORIDA REALTY ADVISORS
Listed By:
STANLEY H BISHOP · License #3131038
(904) 237-2933
Source:
Houseandhavenrealty
Added: Oct 31
Changed: Nov 1
Last Checked: Nov 1 at 5:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NORTH FLORIDA REALTY ADVISORS
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Investment Insights
Based on property information with market context.
Built in 2021, this 2,052-square-foot duplex contains two residences. Each unit has three bedrooms, two full bathrooms, and a private one-car garage. Both units are leased.
The property is on Houston Street in Green Cove Springs, with access to US Highway 17 and the developing First Coast Expressway. Historic downtown, the St. Johns River, Spring Park, local shops, and restaurants are also identified among nearby destinations.
The property is on Houston Street in Green Cove Springs, with access to US Highway 17 and the developing First Coast Expressway. Historic downtown, the St. Johns River, Spring Park, local shops, and restaurants are also identified among nearby destinations.
Key Highlights
- 2,052 SF duplex built in 2021
- Two units, each with 3 bedrooms and 2 full bathrooms
- Private 1‑car garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,183
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,660
$363.7K
Cap Rate 7%
$259,757
$259.8K
Cap Rate 9%
$202,033
$202.0K
Market Conditions
NOI Build-Up for 2,052 SF
Gross rent
$29.1K $14.16/SF
− Vacancy
−$3.1K −$1.50/SF
EGI
$26.0K $12.66/SF
− OpEx
−$7.8K −$3.80/SF
NOI
$18.2K $8.86/SF
Area
Clay County, FL
Vacancy
10.60%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,660
Cap Rate 7%
$259,757
Cap Rate 9%
$202,033
Alternative Uses
Best Use
Multifamily LT 5
$259.8K
$227.3K – $303.1K
NOI $18,183 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$229.1K
$200.5K – $267.3K
NOI $16,038 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$547.4K
$478.9K – $638.6K
NOI $38,315 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Explore this area
Business Placement
Demographics for 32043, FL
30,369
Population
13,331
Households
2.3
Avg Household Size
41
Median Age
31%
College-Educated
92%
High-School Grad
229.3 sq mi
ZIP Area
132
Density / Sq Mi
$80,698
Median Household Income
$46,310
Median Earnings
$1,370
Median Rent
$292,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence pairs a three-bedroom layout with two full baths and a private garage.
Where is this duplex located?
The property is located at 1227 1229 HOUSTON Street Green Cove Springs, FL.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 2,052 SF duplex built in 2021; Two units, each with 3 bedrooms and 2 full bathrooms; Private 1‑car garage for each residence
